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FEDERAL INDICTMENT ON OKLAHOMA GAMBLING RING

U.S. Federal authorities detailed an investigation this week on what was termed a "large gambling operation" and the subsequent arrest of Teddy Mitchell, his two sons and seven others.

At a news conference Monday, United States Attorney Sandford Coats said Mitchell ran the alleged gambling operation from his home in Oklahoma City offering "high stakes" poker and acting as a bookmaker on sporting events through the use of an illegal internet gambling website which is listed as being owned and operated by Gortation Management in Costa Rica.

According to the San Francisco Chronicle, the company additionally operated as a "clearing house" for other bookmakers in the United States, combining clients gambling proceeds and using them to make payouts to winning customers.

The investigation into Mitchell, his two sons Dryden and Nick and business partner David Loveland was reportedly initiated several years ago.

The indictment describes Mitchell and his son Dryden acting on behalf of the Costa Rican company in recruiting, enlisting and managing sports betting clients. Mitchell would provide a percentage of client collections to the Costa Rican company.

The Mitchell family made headlines in November 2010 after Teddy's 34-year old wife Julie was found beaten to death in the family home, the circumstances described as suspicious.

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